TECH SUPPLIER Nov 2019 - Market Forecast - Doc # EUR145627519

Nordic IT Services Market Forecast, 2019-2023

By: Jesper Sorensen, Jan HorsagerResearch Director, IDC Nordic

Abstract

This IDC Market Forecast provides our Nordic services market forecast for the 2019–2023 in the total Nordic IT services as well as in Denmark, Finland, Norway, and Sweden. IDC forecasts the Nordic market for IT services will grow from $24.4 billion in 2018 to $29.5 billion in 2023 with a CAGR of 3.2% in 2019–2023. This is because as digital transformation progresses and changes the way IT services are produced, sold, and used, the differences in the four Nordic markets become much more important and defined by variations among industries. IT services vendors in the Nordics need to up their game and deliver advice as well as hands-on project services for digital transformation.

"Now is the time for IT services vendors in the Nordics up to their game," said Jan Horsager, research director, IDC Nordic. "IT services vendors need to deliver advice as well as hands-on project services for digital transformation, either by ensuring strategic leverage through acquisitions or executing laser-sharp strategies to differentiate their services."


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